A long-dormant whale wallet, silent for over 12 years, transferred 343 BTC during early Asian trading hours. This unexpected movement has triggered concerns that seasoned holders may be preparing to take profits as Bitcoin remains range-bound .
The news comes at a time when Bitcoin has traded sideways, lacking clear direction after a bounce from around $117,500 to near $119,200 during European hours. The broader altcoin market (CD80) also showed weakness with a 4.6% decline, while major tokens struggled to sustain momentum .
---
🔎 Why It Matters
Dormant wallet activity from long-held coins often signals either repositioning or distribution by early holders. Given rising on‑chain metrics like Binary Coin Days Destroyed, this could mark the early stages of profit realization .
With macroeconomic uncertainty—dollar strength hitting fresh highs and global trade tensions resurfacing—the move may reflect shifting risk sentiment among institutional actors .
---
⚖️ Supporting Market Dynamics
While the whale move is drawing attention, other developments suggest mixed sentiment:
Galaxy Digital’s $9B sale of 80,000 BTC attracted minimal price movement, underlining Bitcoin’s increasing market maturity and capacity to absorb large-scale transactions without disruption .
On-chain data shows newer whales are collectively accounting for over 80% of recent profit-taking, overshadowing long-term holders in driving selling pressure around the $110K–$120K range .
---
🧭 Bottom Line: What to Watch
Bitcoin remains in consolidation mode, hovering between $117K–$119K:
A single whale move may not upend the market—but if this signals a broader wave of profit-taking by long-dormant holders, prices could face resistance at current levels.
Key on-chain indicators like Binary CDD and exchange inflows will be important gauges of whether distribution increases.$BTC #CryptoClarityAct #Latestcryptonews
# Winklevoss Claims JPMorgan Halted Gemini Onboarding After Data Access Fees Criticism
July 28, 2025 — Crypto News
Gemini co-founder Cameron Winklevoss has accused U.S. banking giant JPMorgan Chase of abruptly halting the crypto exchange’s onboarding process in retaliation for public criticism over data access fees.
In a recent post on X (formerly Twitter), Winklevoss alleged that JPMorgan suspended Gemini’s integration after the exchange questioned the “exorbitant” fees banks charge for customer data access through third-party financial apps. Winklevoss stated, “We criticized the banking cartel’s grip on user data, and now we’re being punished for speaking the truth.”
The dispute centers around the controversial data access fees charged by traditional banks when fintechs or crypto platforms request customer data, often via APIs or aggregators. Winklevoss argues that these fees hinder innovation and are a form of anti-competitive behavior.
JPMorgan has not publicly responded to the allegations. However, insiders familiar with the matter suggest the decision was based on “standard compliance reviews,” not retaliation.
The situation has reignited the broader "bank vs. crypto" debate, with some in the industry viewing this as another example of Wall Street institutions gatekeeping access to the financial ecosystem, especially when disrupted by blockchain-based challengers.
Gemini is reportedly seeking alternative banking partners and has vowed to continue advocating for open and fair access to financial data. #CryptoNews🚀🔥
CoinDesk reports that strong optimism around futures ETFs and post‑court legal clarity for Ripple are boosting institutional interest in XRP, despite some recent volatility and large long liquidations .
Bitget Research analysts, including Ryan Lee and Jamie Elkaleh, suggest that with momentum and growing trust—especially if a spot XRP ETF materializes—XRP could realistically reach $3.50–$4 in the coming weeks .
For Solana (SOL), analysts identify a technical breakout setup. With price near ~$197 and adoption expanding, $200–$250 is viewed as within reach, thanks in part to growing institutional flows and potential ETF developments .
---
📊 Supporting Technical and Market Signals
XRP is consolidating inside a classic Wyckoff structure, with key support around $2.58–$2.78 and resistance near $3.60. A sustained break above $3 could trigger a bullish phase targeting $4–$6, supported by a 142% surge in futures open interest indicating rising institutional participation .
SOL’s technical outlook shows potential for a breakout beyond $200, backed by strong network usage, increasing TVL, and buzz around an ETF tied to staking exposure via new products like the Cboe-listed REX‑Osprey Solana + Staking ETF (SSK) . $XRP $SOL #CryptoClarityAct #LatestNews🔥
As of July 25, on-chain data shows long‑term holders have sold over 210,000 BTC since early July, yet short‑term holders purchased around 250,000 BTC, indicating demand is currently surpassing available supply .
With the end of July approaching, Bitcoin is up roughly 8 % for the month — slightly above its historical average of 7 % gain in July since 2013 .
🔹 Price & Technical Context
Bitcoin is trading around $116,300–$116,400, down about 3 % in the past 24 hours and roughly 7 % below its mid‑June all-time high .
A key CME futures gap between $114,355 and $115,670 may attract price action seeking to fill it over coming sessions .
With August historically quieter in terms of liquidity and volatility, investors are cautious ahead of the expected lull .
🔹 Broader Market & Macro Drivers
Institutional appetite remains strong: Strategy Incorporated’s recent preferred equity offering—valued at over $2.5 billion—could translate into demand for roughly 21,500 BTC price‑wise .
Meanwhile, macro signals such as upcoming durable goods data and potential tariff and Fed policy developments could impact crypto risk sentiment .
---
🧠 Why It Matters & Outlook
Bitcoin’s fixed supply and accelerating demand via both institutional and short‑term holders are reinforcing its scarcity narrative. However, technical pressures and an anticipated August slowdown introduce uncertainty.
If demand stays strong, Bitcoin may retest or surpass recent highs, especially toward the $122K–$123K region, though overhead resistance and profit‑taking risks linger.
Alternatively, if liquidity dries up ahead of the lull, price could dip toward $114K–$114.5K CME gap fill zones or lower support levels.
Lessons for investors: Keep an eye on:
ETF inflows and preferred-equity deals from corporate players.
📈 JPMorgan: Crypto Inflows Hit $60 B YTD, Surpassing Private Equity
According to JPMorgan, total net capital flowing into digital assets has reached $60 billion year-to-date, marking a nearly 50% increase since late May .
This level of inflows now exceeds investments into private equity and private credit, signaling a shift in investor priorities .
The bank attributes this surge to favorable U.S. regulatory developments, including the passage of the GENIUS Act (providing clarity on stablecoins) and the pending CLARITY Act (defining digital assets as securities or commodities) .
Boosted by this conducive environment:
Venture capital funding in crypto is rising,
Public market activity is accelerating, with recent IPOs like Circle (CRCL) and various SEC filings,
Altcoins, especially Ether (ETH), are drawing more institutional interest—some asset managers are even exploring altcoin-focused ETFs with staking .
---
Why It Matters
This milestone reflects a significant institutional pivot towards digital assets, driven in part by regulatory clarity in the U.S.
It suggests a maturation of the crypto sector, moving beyond just Bitcoin into diversified altcoin portfolios and structured public offerings.
The inflows set 2025 on pace to surpass the record totals of 2024, reinforcing the broader adoption of crypto in financial markets .#CryptoClarityAct #LatestNews🔥
What’s Happening: FTX has confirmed that its next round of creditor repayments is scheduled to begin on or around September 30, 2025, under a court-approved plan .
🔹 How Much? The U.S. Bankruptcy Court in Delaware has released $1.9 billion in newly unlocked cash, after reducing the disputed claims reserve from $6.5 billion down to $4.3 billion .
🔹 Who’s Eligible: The distribution covers:
Class 5: Customer Entitlement Claims
Class 6: General Unsecured Claims
Plus any Convenience Claims that became allowed after previous record dates .
🔹 Key Dates & Requirements:
Record date to qualify: August 15, 2025 .
Creditors must complete KYC onboarding, submit needed tax forms, and register with one of the processing platforms: BitGo, Kraken, or Payoneer .
Transfers of claims must be reflected on the official claims register by the record date, with a 21-day objection window closed.
🔹 Context & Next Steps:
FTX has already returned approximately **$6.2 billion ** earlier this year (notably in February and May rounds) .
The full recovery plan aims to distribute up to **$16.5 billion **, including principal and 9% interest for most non-governmental creditors .
A point of contention: payments use crypto valuations as of November 2022 (when Bitcoin traded around $16k–20k), which has frustrated some creditors in light of today’s much higher prices .#CryptoClarityAct #Latestcryptonews
• Broad sell-off Wednesday: Major altcoins dropped sharply, signaling a cooling or potential end to the much-anticipated “altcoin season” .
• Liquidations surge > $200M: More than $200 million in long positions were wiped out. Breakdown: ~$43M in ETH, ~$32M in XRP. XRP fell ~7%, SOL dropped ~6% .
• Bitcoin dominance rises: BTC dominance climbed back above 60%, reflecting stronger investor preference for stability .
• ETH support warning: Ethereum needs to hold the $3,470 support level or risk a deeper decline—leverage-heavy market (~$24B open interest) adds to vulnerability .
---
📉 SOL / XRP / TON Overview
Coin Approx. Drop Notes
SOL (Solana) –5.7% to –6.4% Among the sharpest decliners XRP (Ripple) –6% to –7.5% Thin liquidity exacerbates declines TON –9% to –9.9% Some of the steepest losses seen
---
What’s Driving the Dip
Leveraged positions: High open interest made altcoins susceptible to cascading liquidations under sharp downside moves .
Liquidity shortages: Sluggish volume intensified price swings, notably in XRP and SOL .
Market rotation: Confidence appears shifting from altcoins back into Bitcoin, reinforcing BTC dominance .
---
🔎 Market Outlook
Short-term caution: Traders are advised to monitor key support levels—ETH at ~$3,470, XRP and SOL proximity to recent lows—for signs of capitulation or stabilization.
Altcoin season? On hold: With corrections underway, any renewed rally will likely require fresh catalysts—like regulatory clarity or bullish DeFi/meme coin developments.
Bitcoin’s role: Stability in BTC could attract capital away from higher-risk altcoins, lengthening the breather.
---
Broader Crypto Highlights
While altcoins zig, a few coins zigzag:
BNB hit a new all-time high of $804, jumping over 5% .
PancakeSwap’s CAKE climbed ~9%, targeting a breakout above $3 .
Bitcoin recently climbed past $123,000, ranking it among the top-five most valuable global assets with a $2.4 trillion market cap .
Nearly all Bitcoin wallets are now profitable, signaling broad positive momentum .
2. Surging social media buzz may signal caution
Bitcoin now dominates ~43 % of crypto-related chatter on social channels—a potential “local top” warning as FOMO peaks .
3. Altcoin season heats up
The Altcoin Season Index has leaped by 147 % in the past 30 days. Bitcoin’s market dominance dropped from ~64 % to ~60.6 %, suggesting funds are rotating into altcoins .
4. **Transaction fees plunge 90 %**
The minimum fee to send Bitcoin has dropped by about 90%, now as low as 0.1 sat/vByte—reflecting lower network demand .
5. Crypto sector hits $4 trillion valuation
The entire crypto market recently surpassed $4 trillion in total value, driven by Bitcoin’s rally above $120K and supportive legislative moves in the U.S. .
6. U.S. crypto-friendly regulation advancing
U.S. lawmakers recently passed several bills, including the “Genius Act” (targeting stablecoins), the “Clarity Act,” and limits on federal digital currency issuance—all heading toward President Trump’s desk .
7. Deutsche Bank: Bitcoin evolving into institutional asset
Analysts at Deutsche Bank highlight major trends: clearer regulations, inflows topping $50 billion, corporate treasury additions, de-dollarization, and infrastructure investment—suggesting Bitcoin is entering a new mainstream phase .
---
🧭 What This Means for You
Momentum is strong, but the spike in social media buzz could mean a short-term pullback soon.
Broader crypto markets are shifting, with capital flowing into altcoins.
Lower fees make Bitcoin more appealing for everyday transactions.
Ultra-supportive U.S. regulation and institutional interest could pave the way for sustainable long-term growth. $BTC $ETH $XRP